I had my realtor run the comps based on similar homes that sold with the added sqft and bathroom and noticed that they were sold for significantly more which is why I am intrigued to purchase this home.

The person who wrote that is probably generalizing from their anecdote, probably when they applied for a Fannie loan, they probably didn't have super strong day-job income relative to how much mortgage they wanted.

Maybe language like 6 months advance notice of non-renewal, etc. 

But one thing I noticed more then anything as I am still young and that of younger a acquaintance is that they have tendencies that they aren’t remotely aware of.

If they're month-to-month then you just need to give them 30 days (or whatever your state/local laws require) notice of the rent increase, however seeing as the current owner has not increased rent and you're the "new guy" coming in, don't be surprised if the increases are met with anger/hostility.

Provide 60 days notice and give the resident a choice (1) remain in their (unrenovated) unit and sign a lease at market rent (2) move into a renovated unit and sign a lease at market rent or (3) provide 30 day notice and transition out. 

Also - any change in rental rates would need a 30 day notice, I like giving them 60 days as a courtesy. 

My wife and I are coming up to the end of a two year lease on a property in Northern Virginia -- as we've been here, we've noticed that our kids have had persistent respiratory issues -- particularly our 10 month old son, who we took to the emergency room at 4 months old, with respiratory issues (we didn't think to check for mold at the time).As we've been in the house, the owner (who regularly cut out the property management company he had been working with), has mentioned that when he lived in the house, he had noticed 'pin hole leaks' in some of the pipes.. and when we pointed out a 1 inch diameter 'soft-spot' in the kitchen ceiling, he chalked it up to that. 

The 1yr redemption has expired and I had the foreclosure notice ran in the local paper for 4 weeks as per Official Code Of Georgia, then received the Affidavit from the Publisher.

First, after doing some research I am noticing a that the idea of building under $85 a sqft is very possible.